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LendingLife

Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated

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Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market.

Mortgage

Industry coalition lauds adoption of home equity investment regulations in Illinois

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Industry group CHEP says the move makes Illinois the leading state model for governance of HEIs and could accelerate efforts toward more uniform national standards.

Agent

Should America’s agents own their own MLS and home search portal?

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Greg Hague argues for one agent-owned national MLS and portal, with opt-in consumer publishing, elected board control and MLS buyouts.

Legal

Wells Fargo mortgage oversight case ends in $110 million settlement

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Final court approval allows a $110 million Wells Fargo deal, with $100 million for grants and closing cost aid across 50-plus metros.

Policy

Maryland overrides municipal zoning on transit development

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Maryland’s legislative and executive branches are about to tell cities and counties what they can – and cannot – do with parcels of land sitting next to their rail stations. Gov. Wes Moore is expected to sign the Maryland Transit and Housing Opportunity Act, a bill that overrides local zoning rules near rail transit. It […]

Housing Market

How much higher can mortgage rates go?

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Mortgage rates reached 6.75% as the 10-year yield hit 4.68%, with Iran, spreads, and Fed signals driving moves.